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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicar
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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Nov 6, 2012
11/12
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can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the fourth time in five day none of the major averages have had winning streaks as long as three days in about three weeks. by the way, the s & p 500 rallied 67% since president obama took office. take a look at the nasdaq, also higher, on the last election day, november 4, 2008 you can the nasdaq gaped 3.1%. the dow, 3.3% and the s & p, 4.1%. get down to bob pisani you the floor of the new york stock exchange. bob what are the markets telling us about what is happening with the election? >> i see a classic risk-on trade that doesn't necessarily favor either can
can they get it together and fix the fiscal cliff? plus, the latest on sandy's recovery and the coming storm and all the stock news you need to know. yes, mandy there is stock news today. >> indeed there is. well, let's get to the markets, the dow is on track for a second day in the sun today and if the dow's gain exceeds 136 points at the close it is doing that right now, by the way, it will be the dow's biggest point gain since september 13th. as for the s & p 500 now up for the...
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Dec 30, 2012
12/12
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congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount money, and he has never put any political capital in entitlemement reform. you talk aut it here or there. never invested in the capital in it. >> i think we have a difference of opinion here. >> if it is such a trivial amount, then why the squealing the yelli, the hurt feelings? all of these plutocrats, my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president but if this ththing comes to a complete hal and falls,s, then there will be political blame across the board, and it will undermine all public confide
congress created this fiscal cliff. no one else to impose this on them. it is a self-imposed problem. >> the problem is that the president has never ge to the nation and made a serus speech about debt. he ignored it the first two years. he appoints aommission that he studiously ignores for the nextt two years. that is why we are at the fiscal cliff now. he is not serious about that. none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount...
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the fiscal cliff. will it rely more on tax hikes or spending cuts to take that issue of? lou: something like that, would that work? >> i think it would. a very good chance, but i will add the market is very much concerned about what regulatory policies are going to of look like in the years ahead as they relate to energy. lou: the congressional budget office renewed more warnings on the fiscal cliff. we will be hearing about that, by the way, every day from now until it is resolved. the united states sees a half percent contraction in the economy next year if we go over the cliff. and it -- on a plan we will surge. what kind of idiots do we have in washington that would not have already resolved this issue before the election? >> i very much hope that will be the case. quite frankly, this latest slide by equity prices could prove to be quite beneficial if it prods washington into taking actions that would prevent the u.s. from going over the fiscal cliff. as far as i am concerned -- lou: something of p
the fiscal cliff. will it rely more on tax hikes or spending cuts to take that issue of? lou: something like that, would that work? >> i think it would. a very good chance, but i will add the market is very much concerned about what regulatory policies are going to of look like in the years ahead as they relate to energy. lou: the congressional budget office renewed more warnings on the fiscal cliff. we will be hearing about that, by the way, every day from now until it is resolved. the...
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Dec 11, 2012
12/12
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"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment to pay it forward. those of us who have benefited most from the innovation of the past seven obligation to pay for it to make sure we are giving this generation and the next generation the same building blocks in terms of education research so that they have the same chance to grow and prosper. in that sense, paying down deficits loss still investing is not about borrowing from the future. it is about investing in a more prosperous future. i think that is the overall frame. the processes are not things to be stopped but things to be in braised in shaped toward the progre
"washingtonning on" journal" a look at the fiscal cliff. we will hear from jim do yle on how the fiscal clefted affected businesses and charles clark of the executive media group. earlier today, gene sperling reemphasize the obama registration tax on the wealthy. >> when you think again that we have an economy that is capable of having more winner take all outcomes. progressive taxation is not about redistribution. it is not about populism. it is about a national commitment...
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the fiscal cliff into. intellectual property protection and the business leaders are speaking for themselves generally speaking business leaders are centrists they're data driven the results oriented and they are looking for compromise in washington. so liz as you can see essential business forward is trying to do is make sure that members of business especially large businesses like the founding members companies like wal-mart lockheed martin google american airlines and cetera all have the opportunity to speak with senior white house administration officials other government officials as frequently as possible so that's essentially what business ford does all right well you know it doesn't sound like a bad idea at least for the for the businesses who obviously have a huge impact on the economy to talk to the government about these issues could there be a conflict of interest there or what do you think you know well that's a great question so obviously it's in the business his best interest to be able to s
the fiscal cliff into. intellectual property protection and the business leaders are speaking for themselves generally speaking business leaders are centrists they're data driven the results oriented and they are looking for compromise in washington. so liz as you can see essential business forward is trying to do is make sure that members of business especially large businesses like the founding members companies like wal-mart lockheed martin google american airlines and cetera all have the...
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Nov 7, 2012
11/12
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but we face a fiscal cliff. they face a very important question on this fiscal cliff. are they going to drive off the fiscal cliff with the message that nobody in the country gets tax relief in the last very high income earners get a tax break. i just think it's unsustainable. >> final question for you, then we're going to let you go. paul ryan, you've been very crit he canal, very harsh on him. now you have to go back and work with him. >> i've been harsh on his budget. >> and him at times and played him, i believe, in the dough baits. >> i did. we get along personwell personat i do think his budget is an uncompromising document. he has a fundamental choice to make, right? he can help be part of the solution here, really try to achieve compromise or continue to try and be the standard bearer for the tea party republicans in the house. as dana said, tea party republicans in the house had a bad night. we did pick -- democrats picked up about seven seats, i think we're projected to. obviously we didn't take back the house. one of the messages in the senate races and the
but we face a fiscal cliff. they face a very important question on this fiscal cliff. are they going to drive off the fiscal cliff with the message that nobody in the country gets tax relief in the last very high income earners get a tax break. i just think it's unsustainable. >> final question for you, then we're going to let you go. paul ryan, you've been very crit he canal, very harsh on him. now you have to go back and work with him. >> i've been harsh on his budget. >>...
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Jun 29, 2012
06/12
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a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be that as it may, what do you make of the argument there was a great rush to get the bill done, maybe for all of the right reasons but not nearly the deal to ever cut spending. >> two things if i could, neil. there wasn't a great rush to get the bill done. talley came out of the senate committee last november and it has been grinding along between the senate and the house for several months. i am glad that the house and senate were able to come to an agreement and pass the transportation bill. because i think we do need to continue to invest in improving our roads and highways. is a contribution to our economy that will help not just put people to work in the short-term but also make us more competitive. but i agree, neil, there are many of us, republicans and democrats in the senate and the house who think we also have to come up with a bold balanced plan to reduce spending. we do have significant changes in tax rates, in spending, automatically kicking in in january, the so-called
a fiscal cliff. >> neil: delaware senator are chris kuhn says we are not headed towards a fiscal cliff. be that as it may, what do you make of the argument there was a great rush to get the bill done, maybe for all of the right reasons but not nearly the deal to ever cut spending. >> two things if i could, neil. there wasn't a great rush to get the bill done. talley came out of the senate committee last november and it has been grinding along between the senate and the house for...
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Oct 16, 2012
10/12
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that was its own, i guess many fiscal cliff. that when we first came up against that and we dawdled. that's money we've already spent. there's no option if you're a conservative or very liberal, the debt ceiling has to be able to accommodate the spinning we've already, you know, encourage. so to scare creditors the way we did was outrageous, and hopefully we can avoid that any future. but all we need is a credible path. i mean, the trustees on the medicare system, i mean for there's nobody really failing their credibility. they are people have looked at this thing over the years and they're saying the current system is unsustainable. so it has to be changed. again, whether you have one type of you or another type of you, i think i've i think there could be no dispute, it has to change. >> you are raising the core issue here, which is the political will, we are in to a fresh round of warnings from credit rating agencies, that the united states will face another downgrade if they don't show a lease the political will to do somethi
that was its own, i guess many fiscal cliff. that when we first came up against that and we dawdled. that's money we've already spent. there's no option if you're a conservative or very liberal, the debt ceiling has to be able to accommodate the spinning we've already, you know, encourage. so to scare creditors the way we did was outrageous, and hopefully we can avoid that any future. but all we need is a credible path. i mean, the trustees on the medicare system, i mean for there's nobody...
WHUT (Howard University Television)
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Nov 6, 2012
11/12
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can he do something with this fiscal cliff? is he going to govern the way he has in the past couple years or has he learned a lesson in it's just the familiar cast of characters i think the democrats are in for some tough trouble despite a pretty good win tomorrow. so i think it depends on that. for republicans, my friend mark hal halperin is too young. it's not 1988, it's 1968. that civil war will be much biger than the democrats faced after the dukakis debacle. it will be bitter. not just jeb bush, paul ryan and marco rubio but for mike huckabee and rand paul it's really going to be ferocious. >> rose: so who is richard nixon in this? >> it's going to be fun. >> rose: what is richard nixon in this scenario, albert? >> who is richard nixon? well, he was -- >> mitt romney comes back? >> he was already president in '68 but the democrats went through the -- there was the john connolly wing nut before he became a republican, there was mcgovern, musky, so i think the -- it there's going to be the equivalent of that now. >> rose: jo
can he do something with this fiscal cliff? is he going to govern the way he has in the past couple years or has he learned a lesson in it's just the familiar cast of characters i think the democrats are in for some tough trouble despite a pretty good win tomorrow. so i think it depends on that. for republicans, my friend mark hal halperin is too young. it's not 1988, it's 1968. that civil war will be much biger than the democrats faced after the dukakis debacle. it will be bitter. not just jeb...
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Nov 9, 2012
11/12
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the big problem of the fiscal cliff is a problem that -- that is created because the fiscal cliff is an automatic set of tax increases and spending cuts put there because congress couldn't agree to anything else, you remember, but it is too much deficit reduction too quickly. if you've got a lot of underutilized capacity in your economy, high unemployment relative to what it should be, that's the last point at which you want to actually embark upon serious deficit reduction. you want to wait until the economy's back on track. >> eliot: you said something critical that people should remember. the reason these elements of the fiscal cliff were created was too create maximum political pressure to force congress to make a decision that it didn't end up making so now we're stuck with a series of proposals that were not properly crafted to help get the economy out of the crisis we're facing. and so that's why what you have laid out you laid it out today and in a very wise article in "the huffington post." explain to us what we should do short term and then what we can do in the medium term
the big problem of the fiscal cliff is a problem that -- that is created because the fiscal cliff is an automatic set of tax increases and spending cuts put there because congress couldn't agree to anything else, you remember, but it is too much deficit reduction too quickly. if you've got a lot of underutilized capacity in your economy, high unemployment relative to what it should be, that's the last point at which you want to actually embark upon serious deficit reduction. you want to wait...
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Dec 22, 2012
12/12
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that can get down in 10 days. >> president obama there on the upcoming fiscal cliff. joining me now to discuss the standoff is the bbc's ben wright. thank you very much. was there anything in the president's speech that would give us any cause for optimism that is the cliff can beat averted? >> i thought his tone was interesting. he was optimistic an exasperated at the same time. he reminded people in congress they only have 10 days left to find a deal before there's this huge hike in taxes and cuts in spending. he said a deal of some sort is an achievable goal. he reminded people in congress that nobody can get 100% of what they want. democrats are trying to protect spending. republicans are fighting any tax increases at all, but he had a warning, too, and said it is not the time for more self-inflicted wounds. he knows the consequences of america going off the cliff. >> presumably, it is also not the time for more political posturing. we've had months now of this political theater. and the markets are reacting. they have closed down. surely the financial crisis is n
that can get down in 10 days. >> president obama there on the upcoming fiscal cliff. joining me now to discuss the standoff is the bbc's ben wright. thank you very much. was there anything in the president's speech that would give us any cause for optimism that is the cliff can beat averted? >> i thought his tone was interesting. he was optimistic an exasperated at the same time. he reminded people in congress they only have 10 days left to find a deal before there's this huge hike...
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Nov 4, 2012
11/12
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cliff and government cannot get its act together as usual, the market is like to go down maybe in a big way. >> obama should be in worse shape given how the economy is going -- >> politico reports that liberals are worried that if obama is reelected, he will make a deal. >> i sure hope so. >> i hope so, too. they have done focus groups and they know what message cells. even eric cantor, obstructionist-in-chief, was saying that we need to put aside differences and reach a compromise. there has obviously been message research. we all we all -- can't just get along, mark? >> rodney king for lieutenant governor. right direction, wrong track number, 40%. dramatic improvement. how would you feel if the president is reelected? these are the same numbers, the same "wall street journal"-nbc poll from eight years ago when a george w. bush 154% of the vote. that is the parallel this election, 2004, 2012. ohio decided then, ohio is at the epicenter today. history repeats itself. and that is the story from washington. [laughter] >> let's -- there is the benediction. >> shakier now than they were
cliff and government cannot get its act together as usual, the market is like to go down maybe in a big way. >> obama should be in worse shape given how the economy is going -- >> politico reports that liberals are worried that if obama is reelected, he will make a deal. >> i sure hope so. >> i hope so, too. they have done focus groups and they know what message cells. even eric cantor, obstructionist-in-chief, was saying that we need to put aside differences and reach a...
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Nov 28, 2012
11/12
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the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party
the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're...
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Nov 7, 2012
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they are voting on jobs and the fiscal cliff. that's what is most important to them. of course in virginia it's all about defense as well. you have the shipbuilding down south. you also have the pentagon here. and the possibility of $50 billion in defense cuts. >> we were told that those in line at 7:00 would be able to vote we knew that it would be a long night in virginia. we want to get back to our cnbc all stars. keith joins us here. >> just to note that president obama has now become the president re-elected with the highest unemployment rate, 7.9%. we had a discussion, what matters more. he did have that 1 percentage point decline. the economy looked like it was improving into this re-election. october was better than september. that may have helped him. so to the extent that he barely got over the finish line. certainly looks like it will be that way in the popular vote. i think that momentum may have helped him overcome that huge burden he carried. >> that's a really good point. >> thanks. >> they have had a big night. some of that is to be expected. don't ove
they are voting on jobs and the fiscal cliff. that's what is most important to them. of course in virginia it's all about defense as well. you have the shipbuilding down south. you also have the pentagon here. and the possibility of $50 billion in defense cuts. >> we were told that those in line at 7:00 would be able to vote we knew that it would be a long night in virginia. we want to get back to our cnbc all stars. keith joins us here. >> just to note that president obama has now...
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Jun 9, 2012
06/12
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congress and the president need to work together to avoid this fiscal cliff. the president tried to do that all through last year. you know that. and the republicans walked away from it which is why we're in this situation right now. he was telling the truth about the private sector, about business. they could be doing a lot more to carry their own weight in this economy. their value is measured. it's palpable. it's not political rhetoric by the stock market and it's doubled in the last three years. the stock markets have almost doubled. they have $2 trillion that they're sitting on on the sidelines. they won't put into play and the president is right. over 4 million jobs have been created by the private sector in the last 27 months. >> so this is acceptable to you? >> the president -- look, the president -- >> is this acceptable for you? >> from a political perspective, he misspoke -- when he left the impression that he thinks the economy is going fine. >> forget about that. michelle, you can jump in here and i hear what steve says there but last year, whethe
congress and the president need to work together to avoid this fiscal cliff. the president tried to do that all through last year. you know that. and the republicans walked away from it which is why we're in this situation right now. he was telling the truth about the private sector, about business. they could be doing a lot more to carry their own weight in this economy. their value is measured. it's palpable. it's not political rhetoric by the stock market and it's doubled in the last three...
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Dec 20, 2012
12/12
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folks, i tell you, today we may be farther from a deal on the fiscal cliff than ever before. and the reason i think is pretty simple. president obama has put a deal on the table the republicans should be taking, but they refuse. today president obama expressed his outright dismay. >> the republicans in the house and i think speaker boehner were in a position to say we've gotten a fair deal. the fact that they haven't taken it yet is puzzling. >> president obama's deal would have offered republicans a change in the way social security is calculated, a big deal for the righties. when speaker boehner walks away from the president's offer to chained cpi, that is a pretty big signal that this guy really doesn't want to deal. speaker boehner is going forward with plan b? >> fails to meet the test that the president promised the american people a balanced approach. and i hope the president will get serious soon. tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. and then the president will have a decision t
folks, i tell you, today we may be farther from a deal on the fiscal cliff than ever before. and the reason i think is pretty simple. president obama has put a deal on the table the republicans should be taking, but they refuse. today president obama expressed his outright dismay. >> the republicans in the house and i think speaker boehner were in a position to say we've gotten a fair deal. the fact that they haven't taken it yet is puzzling. >> president obama's deal would have...
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Nov 9, 2012
11/12
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heading towards its fiscal cliff. the president reaching out to congress. >> the german parliament passes a disputed child care benefit. >> the day of the wall came down. evens that changed everything. >> in less than two months, the u.s. will enter the perfect economic storm known as the fiscal cliff. a combination of tax increases and budget cuts could send the united states back into recession. >> barack obama back at work after his election reached out with republicans today saying he wants to reach a solution but only f the ridges are asked to give more. >> i'm open to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenge, but i refuse to accept any approach that is not balanced. i'm not going to ask students and seniors, middle-class families, to pay down the entire deficit while people like me, making over $250,000, are not asked to pay one dime more in taxes. i'm not going to do that. "the very clear word from the newly elected president. what do you think? you have the president inv
heading towards its fiscal cliff. the president reaching out to congress. >> the german parliament passes a disputed child care benefit. >> the day of the wall came down. evens that changed everything. >> in less than two months, the u.s. will enter the perfect economic storm known as the fiscal cliff. a combination of tax increases and budget cuts could send the united states back into recession. >> barack obama back at work after his election reached out with...
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Nov 27, 2012
11/12
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can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. ts and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for the paperback edition. it's a great book of american heroism, the story of jack kennedy, who he was when he lived, who led us, and, of course, who inspired us. it's a perfect upbeat gift for yourself or someone who shares our love of history and american greatness. we'll be right back. >>> well, we're back. republicans have always mocked the president's experience as a community organizer. remember those laugh lines back in 2008 at the convention? here they are again. >> he worked as a community organizer. what? >> i guess a small town mayor is sort of like a community organizer except that you ha
can he put this ground game to work to fight the fiscal cliff? the "hardball" story on that one is coming up right now, the place for politics. ts and hasbro trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. >>> "the new york times" has just listed "jack kennedy: elusive hero," my book, on the best-seller list. it's a big honor for...
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Nov 27, 2012
11/12
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FBC
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as the fiscal cliff loons come will nutech still go over your 401k? peter barnes explains what to expect for your retirement savings next year. and today is the day to shop for the internet. the. cheryl: it is back to court for liberty university and their challenge the controversial law. their challenge is the employer mandate and to fund what they call abortion related services for thr employees. we have leaders well coming up with more. we know this case very well. >> yes, tardy at the supreme court. cheryl: the argument, is this going to fly? >> with the supreme court said is the first time around, we said that wasn't right. that nobody had been hurt yet. and so the mandate had been in place. so really you cannot argue that. but now what they are saying is that it isn't just an issue about the mandate. it is out a right of religion and that may be right. will they win? it is a fairly liberal cou area. i would be kind of surprised to see them win on these grounds. >> yes. this could set the stage for another go around. >> if they win in a small are
as the fiscal cliff loons come will nutech still go over your 401k? peter barnes explains what to expect for your retirement savings next year. and today is the day to shop for the internet. the. cheryl: it is back to court for liberty university and their challenge the controversial law. their challenge is the employer mandate and to fund what they call abortion related services for thr employees. we have leaders well coming up with more. we know this case very well. >> yes, tardy at the...
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Dec 22, 2012
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wondering about the future. >> so, the fiscal cliff remains a threat but still improbable. not certain. but that time is running out, too. tom vacar, back to you. >> chevron corporation is moving 800 jobs from the bay area to houston, texas. it involves half of the staff in san ramon. they are scheduled to move between now and 2015. >>> the oakland a's are not moving any time soon. the l.a. times, the owner says he will not move the team for 5 years. in the letter to the commission he proposed an agreement that would delay a move to san jose until 2018. the a's lease at the coliseum expires after the 2013 season. >>> the quest for the latest air jordan sneakers turned tense this morning. >> they took had this video saying the mall in newark this morning. shoppers say that a security guard at thehoe store was rushed by the crowd when he started handing out tickets to people in line. the police were call inside to keep an eye on the situation. the air jordan sneakers retail for there 185 but they can sell for hundreds more on-line. >>> a number of retailers are keeping their
wondering about the future. >> so, the fiscal cliff remains a threat but still improbable. not certain. but that time is running out, too. tom vacar, back to you. >> chevron corporation is moving 800 jobs from the bay area to houston, texas. it involves half of the staff in san ramon. they are scheduled to move between now and 2015. >>> the oakland a's are not moving any time soon. the l.a. times, the owner says he will not move the team for 5 years. in the letter to the...
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not just the fiscal cliff, immigration reform, energy, education. a whole host of issues he is focused on. that you heard him talk about during the entire campaign. >> he's been one of the unsung heroes. i think his vice presidential debate was fantastic. he has given the president a yin/yang. he must be feeling pretty proud, isn't he? >> well, i think he is. i am. he played think important role in this campaign. the vice presidential debate came at a time when there was a bit of a slide, if you look at some of the polls. and, you know, he stopped that. i was very proud of him in that debate. i was very proud of him what he did throughout the country over the last six, eight months. he was in the battleground state of ohio dozens of times, all over the battleground states and spoke directly to the middle class about what this president has done and what this president will do to continue to build this economy from the middle out and the bottom up. i don't think there's a better spokesperson on behalf of the president and the party and with what the
not just the fiscal cliff, immigration reform, energy, education. a whole host of issues he is focused on. that you heard him talk about during the entire campaign. >> he's been one of the unsung heroes. i think his vice presidential debate was fantastic. he has given the president a yin/yang. he must be feeling pretty proud, isn't he? >> well, i think he is. i am. he played think important role in this campaign. the vice presidential debate came at a time when there was a bit of a...
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. >> there will be a tough challenge facing the looming fiscal cliff. >>> a very good morning to you. it's been a long night, but we have a result. >> yes, we do. let's get right it to. president barack obama capturing a second term in the white house despite the struggling u.s. economy. he did manage to win many of the same states he took in 2008 and nearly all the critical swing states, including ohio, virginia, and colorado. speaking to supporters in chicago just a few hours ago, the president congratulated his republican challenger on the spirited race and said there's plenty of work ahead to fix the country's fiscal problems. >> i believe we can seize this future together, because we are not as divided as our politics suggest. we're not as cynical as the pundits believe. we are greater than the sum of our individual ambitions, and we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >> romney made his concession speech before his supporters in boston. the loss ends a six-year quest for the presidency for the form
. >> there will be a tough challenge facing the looming fiscal cliff. >>> a very good morning to you. it's been a long night, but we have a result. >> yes, we do. let's get right it to. president barack obama capturing a second term in the white house despite the struggling u.s. economy. he did manage to win many of the same states he took in 2008 and nearly all the critical swing states, including ohio, virginia, and colorado. speaking to supporters in chicago just a few...
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. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show our seriousness, we put revenue on the table. >> we're prepared to put revenue on the table. >> a deadline. >> being able to work something out. >> there was a spirit of cooperation. >> tomorrow is speaker boehner's birthday. we didn't know how many candles were needed. ♪ best friend ♪ >> interrupting that was the ghost of christmas past. >> you guys are the best. thank you so much. >> mitt, 47%, romney. he is the gift that keeps on giving. >> republicans did not take kindly to mr. romney's words. >> i don't agree with the comments. >> we lost the presidency. it's time to move on. >> general petraeus finishing up testimony. >> petraeus is under fire for his affair with paula broadwell. >> she is a marathon runner. ironman triathlon. he's a man. >>> ten days after his re-election victory, new polls show president
. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show our seriousness, we put revenue on the table. >> we're prepared to put revenue on the table. >> a deadline. >> being able to work something out. >>...
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Nov 26, 2012
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there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that "r" button, refresh. thank you, becky. >> thank you, chuck. >>> one of the tasks of political strength, how do you fare in unfriendly it territory? in today's deep dive we're taking a look at the democratic senators holding seats in some of the reddest presidential spots on the map. take a look at this. in the new congress a dozen democrats will hold seats in states that voted for mitt romney. one in alaska, ed north dakota, south dakota, missouri, arkansas, louisiana, indiana and north carolina. democrats hold both senate seats in west virginia and monta
there wasn't any talk about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that...
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so how do you navigate and negotiate this off the fiscal cliff before you fall off the fiscal cliff? >> it is daunting. and i'm just finishing bob woodward's book about it. and you real he's how everyone was hitting their heads against the wall and figured out they were going nowhere. in a difficult situation like, this you let calm heads prevail. >> we don't have time technically. >> well, that's the thing about a cliff. it has the tendency to make people decide quickly. where do compromises lie? >> you have to start the conversation with, i'm not going to get what i want. >> on both sides. >> absolutely. that was the problem. the problem was, even inside the republican debate. remember that great question. they said how many of you, if you had an opportunity for ten cuts. everyone revenue increase. how many of you would accept that? nobody raised their hand. and so people might say that's the debate. the reality is that is the attitude. so neither side will walk out happy. you'd better do something for the good of the country and not your party. >> earlier today, david gergen point
so how do you navigate and negotiate this off the fiscal cliff before you fall off the fiscal cliff? >> it is daunting. and i'm just finishing bob woodward's book about it. and you real he's how everyone was hitting their heads against the wall and figured out they were going nowhere. in a difficult situation like, this you let calm heads prevail. >> we don't have time technically. >> well, that's the thing about a cliff. it has the tendency to make people decide quickly....
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he never talked about the fiscal cliff. all he knows is he wants to raise tax rates on upper income people. he has no entitlement plan. in other words, obama is to a large extent a clean slate. we don't know what he wants but we know he wants the top income tax and capital gains taxes to go up. the question is, can he sit down with the house speaker, john boehner, here we go again, and try to hammer out some kind of deal? that's the big question. i don't know the answer to that. >> agree to a tax increase. >> do it tomorrow when he didn't do it for the last 3 1/2 -- >> everybody yelled -- they came out with this 20 page little paper booklet at the very end of the campaign because it had nice pictures, a lot of good color because everybody said you don't have a future agenda. and they were right. then the hurricane struck and that stomped out everything else. >> let me get your take on this. clearly tonight has been unbelievably tight all night. and here we know with 274 electoral votes for the president versus 203 for romne
he never talked about the fiscal cliff. all he knows is he wants to raise tax rates on upper income people. he has no entitlement plan. in other words, obama is to a large extent a clean slate. we don't know what he wants but we know he wants the top income tax and capital gains taxes to go up. the question is, can he sit down with the house speaker, john boehner, here we go again, and try to hammer out some kind of deal? that's the big question. i don't know the answer to that. >> agree...
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and it would go a long way considering the so-called fiscal cliff we're headed toward. at the end of the year, automatic spending cuts kick in. coupled with an unstable financial market, it could prove disastrous. mitt romney and republicans argued increasing taxes on any group could stall spending and recovery and that mr. obama does not have a clue how to get america working at -- mr. obama "does not have a clue how to get america working again." and democrats nancy pelosi and chuck schumer what the cut off to be $1 million not $250,000. >> i want to make sure that it is clear his position is $250,000. >> it would save the average family $2,200 next year. >> the white house said that if congress sends -- sent the president a bill that extends the cuts for everyone, he will veto it. it is an election year and they are happy to have this argument among democrats. they feel it will paint mitt romney as the protector of the wealthy. republicans feel that democrats are keeping the jobless rate at 8.2%. >> more on the president's pitch on extending the tax cuts. the debate
and it would go a long way considering the so-called fiscal cliff we're headed toward. at the end of the year, automatic spending cuts kick in. coupled with an unstable financial market, it could prove disastrous. mitt romney and republicans argued increasing taxes on any group could stall spending and recovery and that mr. obama does not have a clue how to get america working at -- mr. obama "does not have a clue how to get america working again." and democrats nancy pelosi and chuck...
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cliff how much of a cliff is that it is a hyperbolic metaphor to say the least it is not a fiscal cliff come january first two thousand and thirteen it's more like a fiscal you know step it's not going to all of a sudden caused a dramatic calamity what it will do is it will mean middle class working class families will see lower amounts of money in their paychecks because a couple of key provisions expire the two percent payroll tax cut as well as the bush era tax cuts which certainly mean a lot to middle class families but economy wide that's not going to do anything right away and chances are anything that does happen if congress doesn't act by january second will be made up later on they were. retroactively restore a lot of those tax cuts at least to the middle class so overall there is no cliff to worry about to the extent that we should be making policy decisions now because come january first the world is going to blow it's a policy decision that i'm sorry but congress you agreed upon this you passed it just drives me crazy that now suddenly there's all this conversation about how
cliff how much of a cliff is that it is a hyperbolic metaphor to say the least it is not a fiscal cliff come january first two thousand and thirteen it's more like a fiscal you know step it's not going to all of a sudden caused a dramatic calamity what it will do is it will mean middle class working class families will see lower amounts of money in their paychecks because a couple of key provisions expire the two percent payroll tax cut as well as the bush era tax cuts which certainly mean a...
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cliff if need be but is the entire idea of a fiscal cliff totally overblown and it turns out the while the new york that timothy geithner did try to address live or problems back in two thousand and eight but the documents show that his recommendations basically came straight from the banks so grab your pain pills and some water so every monday hangover. you're going to. be. joining me to discuss this tonight is christian dorsey director of external and governmental government affairs at the economic policy institute and joining us remotely is james pullos producer at huff post live and i want to thank you both for joining me tonight and before we get into it let me just start with this clip right that everyone keeps playing today which is this new ad that's been put out attacking mitt romney take a look. i'm barack obama and i approve this message oh beautiful for spacious all right. all are for. to. go. all right so the way that everyone else has chosen to look at this and then address it is the typical partisan finger pointing and what not but let's go back to what i was just talkin
cliff if need be but is the entire idea of a fiscal cliff totally overblown and it turns out the while the new york that timothy geithner did try to address live or problems back in two thousand and eight but the documents show that his recommendations basically came straight from the banks so grab your pain pills and some water so every monday hangover. you're going to. be. joining me to discuss this tonight is christian dorsey director of external and governmental government affairs at the...